Share market update: IT stocks trade with tepid gains; Infosys, Tech Mahindra in the green

NEW DELHI: IT stocks KPIT Technologies (up 0.94 per cent), Tata Elxsi (up 0.38 per cent), Infosys (up 0.30 per cent) and Tech Mahindra (up 0.20 per cent) were trading with mild gains during afternoon trade on Thursday.

The Nifty IT index was trading 0.10 per cent up at 13,825 around 02:20 pm.

Shares of HCL Technologies (up 0.19 per cent), Mindtree (up 0.19 per cent) and Tata Consultancy Services (up 0.08 per cent) were also in the green.


However, Oracle Financial Services Software (down 0.50 per cent), Wipro (down 0.42 per cent) and Infibeam Incorporation (down 0.32 per cent) were among the losers in the IT index.

Equity benchmarks were trading on a flat note as gains in ICICI Bank, Reliance Industries, HDFC and HDFC Bank were offset by losses in Mahindra & Mahindra, ITC, Larsen & Toubro and ONGC.

Benchmark NSE Nifty50 index was flat at 10774, while the BSE Sensex was up 17 points at 35,564.

Among the 50 stocks in the Nifty index, 18 were trading in the green, while 32 were in the red.

Zee Entertainment, Adani Ports and Bajaj Finserv were among the top gainers in the Nifty index.

On the other hand, Power Grid Corporation of India, Dr. Reddy's Laboratories and Bharti Infratel were among the top losers in the Nifty pack of stocks.